subject: Debt Relief Services - Make Sure Your Relief Provider Is Not Taking Advantage Of Your Situation [print this page] Debt Relief Services - Make Sure Your Relief Provider Is Not Taking Advantage Of Your Situation
The economic slowdown and recession resulted in an increase in number of debtors which further resulted in a steep increase in companies willing to provide debt relief. Many companies providing Relief Services were making fraudulent promises and charged upfront fees without any guarantee of relief. Federal Government noticed this practice and passed out laws in favor of debtors by asking Service providers not to charge any upfront fee until and unless a settlement has been negotiated or about 35% of the unsecured loan has been paid.
While shopping around for Services company it is always important to ensure the company is not only providing legitimate services but is also reputed and above all provides you the much needed counseling which will not only help you eradicate debt now but will also help you stay debt free in future.
Make sure your relief provider is not taking advantage of your situation but the Company is working toward elimination of your debt in a legitimate manner in your interest while safeguarding your consumer rights. Visit the office of the Services Company, understand the documentation process and each and every document that you sign on, understand the relief plan offered or chosen and how it will help you get rid of your debt.
Debt Services company charge for their services so ensure you understand the payment procedure and when the payment is to be made. Always compare the services being offered with other reputed companies in your area to ensure your relief provider is not taking advantage of your situation. The purpose of going to a Relief Services Company is to get rid of debt and not to fall more deeper into it so ensure that the provide are legitimate and the Services Company has a received a good feedback from past customers.
